THE ROCKSPRING CHARITABLE TRUST
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

THE ROCKSPRING CHARITABLE TRUST
REPORT AND ACCOUNTS
for thg year ended 31 Decembgr 2024
Pag•
Admlnlstratlvo detslls
Roport of tho trust
IndO￿nd•nt Audbtorfs roport
Statsmont of flnanclal actlvltles 2024
statement of flnan¢lal a¢tlvttles 2023
Balan¢0 8h•et
10
statement of c¥¥Jh flow8
11
Notes to th• flnanclal 8ts1omont8
12

THE ROCKSPRING CHARITABLE TRUST
ADMINISTRATIVE DETAILS
for the year ended 31 De¢ember 2024
CHARITY REGISTERED Mo.
1175442
TRUSTEES..
R.M. Plummer (Chairman)
F.J. Plumm8r
G.H. Carter
S.E. Floyd
INDEPENDENT AUDITOR..
Dafferns Audit Limited
One Eastwood
Harry Wgston Road
Binley 8usiness Park
Coventry
CV3 2U8
BANKERS..
Handelsbank8n
Leamington Spa Branch
Mylon Hous9
40 Holly Walk
Leaminglon Spa
CV32 4HY
INVESTMENT MANAQERS..
al Closè Brothers Asset Management
81h fioor
10, Exchang8 Square
Primrose Street, London EC2A 2BY
bl Baillie Gifford and Co Lid
Carllon Square
1, Greenside Row, Edinburgh EH1 3AN
cl Canaccord Genuity Woalth Management
88 Wood Street, London EG2V 7QR
dl Fidelity
Beech Gate, Milllield Lang, Lowgr Kingswood, TaoWorth,
Surrey, KT20 6RP
el Evelyn Partners
45 Gresham Sireet, London, EC2V 78G
INVESTMENT ADVISOR:
Henry Oenne, Canaccord Genuity we￿th bAanagemenl
88 Wood Slre8t, London EC2V 7QR
SOLICITORS..
RWK Goodman LLP
Godslow CoLJrt
Minns Busines$ Park
5 West Way
Oxford
OX2 DJB
CORRESPONDENCE ADDRESS:
RWK Goodman LLP
Godslow Court
Minns Business Park
5 Wtrsl Way
Oxford
OX2 OJB

THE ROCKSPRING CHARITABLE TRUST
REPORT OF THE TRUSTEES
for the y9ar onded 31 December 2024
The trustees present their report together with the unaudiled financial statements of the charity f￿ the year
ended 31 December 2024. The Trustees have adopted the provisions of Statement of Recommended Practice
{SORPI "Accounting and Reporting by Charities" IFRS 1021 in preparing the annual report and financial
statements of the Charity.
The financial statements have been prepared in accord8nc* with the accounllng policies sel out in notes to the
accounts and comply with the charity's goveming document, the Charities A¢t 2011 and Accounting and
Reporting by Charities.. Statement of Re￿rnrnended Practice applicable lo chanlies preparing their accounts in
accordance with the Financial Reporting Standard applicable in the UK and Republ1¢ of Ireland published in
Octobèr 2019.
Legal and administrative informatton set out on page 1 forms part of Ihls report.
STRUCTURE AND GOVERNANCE
Governing docum#nt
The trust is governed by a dged 8xecu18d by the flrgt trustees, Mr R.M. Plummer, Mrs F.J. Plummer, Mr G.H.
Cart8r and Ms S.E. Floyd on 5 October 2017 and is registered as a charity number 1175442. During the first
period the trustees agreed to Gh8nge the charitys registered name from The Richafd and Fiona Plummer
Charitable Trust lo The Rockspring Charitable Trust.
Trustges
Th8 Iruslees are nominated and appolnted by other trustees. Sultable Iralnlng is glven to new trustees.
Organlsatlonal 8tructurn
The trustees consider grant 8pplicalions on a regular basis. Preference Is given to charities whose causes a
local in nature or those Ihal a￿ less well supported than higher profile projects. The day lo day adminislralion
of the charity is outsourced.
Rlsk management
The trustees have assessed the major rlsks lo whlch the charity is exposed. in particular those related to the
activities and finances of the chanty. and are satisfied that systems 8re in place to mitigate those risks. A risk
assessment register is maintained. and reviewed annually.
08JECTS OF THE CHARITY
The objects of the ch8rlty as set out in the trust deed are the advancement of any Chantable purpose as th&
trustees, in Ihelr absolute discrellon, think fit.
GRANT MAKING POLICY, AIMS. OBJECTNES AND PUBLIC BENEFIT
Grants are made irs accordance with the trL15te8s' wishes. The Irusloes have agreed principally to concentrate
on one or two geographical areas where there is loGa1 knowledge on tha part of the Iruslees. This wlll enable
the trustees to consider carefully and b8 aware of those Charities which they wish to support, both immediately
and over the longer temi. Additionally, the trustees intend to cr8ale guidelines for which ofthe charitable sectors
they would Ilke to supwrt and whether or not there was a particular social dernographic e.g. young people.
The policy of the trustees is that they are committed to promoting equal opportunities in the consideration of
applications for Grants or Funding. All applicants will receive equgl treatment regardless of age, dbsability,
gender reassignment, mari181 or civil partner status, pregnancy or maternity, race, colr)ur, nationality, ethnlc or
national origin. religion or belief, sex or sexual orientation.
The charity only makes grant5 to other charities as it considers that, as they are established for public benefit,
they are best placed to be partners in support of its charitable objectives. The Trustees confirm thal they have
referred to the guidan￿ contained in the Charity Commissions general guidan￿ on public benefit when
reviewing the charity's aims and objectives and in planning future activities and setting grant making policies.

THE ROCKSPRING CHARITABLE TRUST
REPORT OF THE TRUSTEES
for the year ended 31 December 2024
ACHIEVEMENTS AND PERFORMANCE
8 gr8nls were awarded12023'. 61 to organisalions totslling £130,08912023.' £57,000}. Those grants were made
to loeal charitles establlshed in the UK.
FINANCIAL REVIEW
Accounts
The detailed accounts of the charity are set out on pages 8 to 15.
In the year to 31 December 2024 Mr & Mrs Plummer donated £448,121 {2023.' £NS11 lo the charllable trust and
investrnents generated income of £121,59712023- £90,767).
Investments are managed by Canaccord Genuity Wealth M8n8gemenl. IT) 2019 the trustees invested £2 million
which are now h8ld under discretionary management in iwo separ81e portfolios wllh Canaccord Genuity Wealth
Management Fund and Fidelity Investment5. Investment comprislng the Palrizia shares setded on the charity
are lodged with Evèlyn Partners. Mr Plummer donated a further 66,000 shares during the year. Th8 charity's
holding at 31st December 2024 was 196,651 shares. The balance of cash is CUTTenlly d8posiled with
Handelsbank8n, Leaminglon Spa.
By a Deed of Appointment dated 2 August 2023, The Trustees of Mr8 M D Plumm&r's 2003 Dlscretionary Trust
donated the Trust Fund comprising 1 share in Mlsrimuna Investments LimSled and cash in the bank account lo
the charity.
Investmènt pollcy.
The trusl88s' powers of investment are wide and governed by the TNSt Dead.
The Iruslees have engaged Canaccord Genuity Wealth Management to advise on an investment strategy to
produc6 medium term capltal growth. Canaccord Genully carried out a risk assessment and the trustees agreed
on Balanced Growth approach which means..
ObJ•¢tJv6.' Thls strategy alms to preserve the Trust'8 Invested assols above the ral8 of inflation. Given this
tsrgel. it also attempts to generate balanced growth returns through dlverslfied investments wlth a maximum
eqully weighting of 70Yo.
Rèturn Expe¢tstlons.' The strategy aims lo generat8 a balanced growth-orienled rotum in-line with or slightly
in excess of inflation ICPII + 3.50/0 per annum over the mgdium lo long term.
Rlsk Tolerance.. Investors In the balanced growth category are prepared to accept some nsk of capital loss In
the short and medium tem). in order lo achieve a sustained real {above inflalionl incTeas6 In capital growth over
the long temi.
The current investments in the Vanguard Life Strategy 80V. Equity account held by Fidelity Investments 8nd
Canaccord Genuily Wealth Management Dlscrelionary portfolio are consistent with this approach,
The Trustees 8180 have a holding in Palrizia AG shares which are shares gifted by Richard Plummer. As single
shareholdings they are not consistent with the Trustees slated attitude to risk so the Trustees plan to sell down
the holding as and when possible.
RESERVES
The whole of the charity's endowment is expendable. The Tnjsteos aim to maintain approximately £20.000 in
the gener81 fund lo ensure there are sufficient funds available lo cover the support and governance costs. The
Trustees have the flexibility to use the expendable endowment fund to make grants and donations as required.
At the 31 December 2024 the charity had totsl funds of £5,361,39212023.. £4,984.8771 and unrestricted funds
We￿ £47.909 (2023.. £22.1431.

THE ROCKSPRING CHARrrABLE TRUST
REPORT OF THE TRUSTEES
for the year ended 31 Décember 2024
FUTURE PLANS
The original amount donated to the ch8rity was just over £4.000.000 and further gSft8 have been donated in
subsequent y8ars valued at approximately £3,126,500. The onginal settlors may gift further shares in
subs8quenl tax years. The Trustees have the discretion to make grants to charities even if this r8sults in a
decrease in the value of the original amounts donated lo the charity.
FUNDRAISING REGULATOR STATEMENT OF COMPLIANCE
The charity has not appointed a fundraiser 8F)d does not undertake lo raise funds from th8 general public. Hence,
we have rec8ived no fundraising complaints during the year.
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The trustees are responslble for preparing th8 Truslges. Annual R8POrt and the financial statements In
accordance with applicable law and Unlted Kingdom Accounting Slandards (United Klngdom Generally
Accapled Accounting Practice}.
The law applicable to charities in England & Wales requires the trustees to prepare financial slatèmenls for each
rinancial year which give a true and fair view of the slate of affairs of the tharity and of the incoming resources
and application of resources of the chanly for that pertod.
In preparlng these financial statements. the trusteés affj requlred lo..
select surtable accountlng policles and then apply them conslstently..
observe the methods and principles in the Chari118s SORP 2019 IFRS 1021:
make judgements and estimates that are reasonable and pnjdent..
stsle whether appllcable accounting standards have been followed.
prepare the financial statements on the going concern b8sis unless it is inappropriate to presume that
the charlty will continue in operation.
The trustees a￿ respon81ble for keeping proper accounting rbcords that disclose with reasonable accuracy al
any lime the financial position of the charlty and enable them to ensure that the financi81 statements comply
with the Cttarllles Act and the provlsions of the trust deed. They are also responsible for safeguarding th8 assets
of the chadty and hence for tsklng reasonable steps for the prevention and d&te¢tion of fraud and olher
irregularities.
Approved by Ihe Trustees on . R.gw.¥1.7Q.25... and signed by:"
R.M. PLUMMER
F.J. PLUMMER
G.H. CARTER
S.E. FLOYD

THE ROCKSPRING CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF THE ROCKSPRING CHARITABLE TRUST
Opinion
We h8ve audited the financlal statements of The Rockspring Ch8ri18ble Tnjst (the 'charity'} for the year ended
31 December 2024 which comprise the Statement offinancial aetlvilies, Balance sheet. St8lemenl ofcash flows.
and notes to the financial slalements, induding significant accounting policies. Tho financial reportir
framework that has been applied in their preparation is applicable law and United Kingdom AGGounting
standards. including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK
and Republic of I￿12nd (Unrted Kingdom Generally Accepted Accounting Practice).
In our opinion the financlal statements..
give a true and fair view of the sL8te of the charity's affalrs as at 31 December 2024, and of its incoming
resources 8nd application of resources, including ils income and expenditure. for the year then ended..
have been properly prepared In accordance with Unllèd Kingdom Generally AcLepled Accnunting
Practice: and
have been prepared Sn ac￿rdanCe Wlth the reqU1￿MentS of the Chartlies Act 2011.
Basls for oplnlon
We conducted our audk In accordance with Inlematlonal Standards on Auditing (UK) IISAS IUKII and applicable
law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit
of the financSal statements seGtion of our report. W8 are indepandent of the charity in accordance with the ethical
quiremenls that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical
Stsndard. 8nd we have fulfSlleé our other ethical responsibililth in accordance with these requirements. We
b8lleve that the audit evidenGe we have obt8ined is sufficiont and appropriate lo provide a basis for our opinion.
Othor matter
The comparative figures presented in these financial sl8t8ments have not been 8udrted.
Concluslons r8latlng to golng concern
In auditing the financial stalemenls, we have concluded that the trust8e5' use of the golng conc8rn basis of
accounting in the preparation of the financial slat8m8nls is appropriate.
Based on the work we hav8 performed, we have not Idents'fied any maten'81 uncertainties relating lo event5 or
conditions that. individually or collectively, may cast significant doubl on the charity's ability to continue as a
going concem for a period of al least tsvelve months from when the financial statements are aulhonsed for issue.
Our responsibilities and the responsibilities of the trustees with resp8GI lo going concern 8re described in the
relevant s8Gtions of thi$ report.
Oth8r Inforniatlon
The other information comprises the infomiation included in the trustees, annual report, other than the financial
statements and our 8udilor's feport thereon. The trustees are responsible for the other information. Our opinion
on the financial statements does not cover the other infomiation and we do not express any fomi of assuran
conclusion thereon.
Our responsibility is to road the other information and, in doing so. consider whether the other information is
materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or
otherwise appear5 to be materially misslaled. If we identify such materi21 inconsistencies or apparent material
misstatements, we are required to determine whether this gives rise to a materi81 misstslemenl in the financial
Statements themselves. If. based on the work we h8ve performed, we ￿nClUde that there is a material
rnisstatement of thi5 other information, we are requlred lo report that fact.
We have nothing to report in this regard.

THE ROCKSPRING CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF
THE ROCKSPRING CHARITABLE TRUST (contlnuod...)
Matters on which wg arè requlred to report by exceptlon
We have nothing to report in respect of the following matters in relation lo which the Charities (Accounts and
Reports) Regulations 2008 require us to report to you if, in our opinion-.
the information given in the trustees, report is inconsistent In any m8terial respect with the flnan¢ial
statements,. or
sufficient accounting records have not been kept., or
the flnancial slalements are not in agrèement with the accounting records., or
we have not received all the informallon and explanations we require for our audit.
Responslbllltles of trustees
As explained more fully in the trustees, responslbililies slalemenl sel out on page 4, the trustees are responsible
for the preparation of the fin8nci81 statements and for being satisfied th81 they give 8 tnje and fair view. arnd for
suoh internal control as the trustees determine is necessary lo enable the prepar8tlon of financial slalements
that are free from material mlsslatement. whether due to fraud or error.
In preparing the financial statements. the trustees are r8spon$ible for assesslng the charty's ability to continu&
as a going concem, disclosing, as applicable, matters Telated lo going concern and using the going concem
basis of accounting unless the trustees either Intend lo liquidate the charity or lo cease operations, or have no
realistic all8rnative but to do so.
Audltor respon8lbllltl•s for th• audlt of the fln8n¢lal statements
We have been appointed 8s audltor under section 144 of th8 Charities Act 2011 and report in accordanGe wlth
the Act and relevant regulallons made or having effect thereunder.
Our objectives are to obtaln reasonable assurance about wh8lher the financial statemants as a whole are free
from material misslalernenl. whelher due lo fraud or error, and to issue an auditor's report that includ88 our
opinion. Reasonable assurance is a high level of assurance. bul is not a guarantee that an audrt condu¢led in
accordance with ISAS IUKI will always d8tecl a material misstalemenl when it exists. Misslalemenls Can arise
from Iraud or error and are considered material if, individually or in the aggregate. they could reasonably be
expected to influence the economic decisions of users taken on the basis of these financial slatemenls.
Irregularities, including fraud. are instances of non•compliance with laws and regulations. We design procedures
in line with our r6sponsibilili8s. oullingd above, to detect material misslalements in respect of irregularities.
including fraud. Tho exlenl to which our procedur&3 are capable of detectlng irregularities, Including traud is
detailed below..
Enquiry of management. those Charged with governance and the entity's solicitors around actual and
potenti81 Illlgation and claims.,
Reviewing minutes of meetings of those charged with governance,.
Reviewing financial stal8menl disclosures and testing lo supporting documentation to assess compliance
with applicable laws and regulations.
Performlng audit wTr* overlhe risk of rnanagement override ofcontrols, including testing ofjoumal entries
and other adjuslm8nts foT appropriateness, evaluating the business rationale of significant Ir8n88Ctions
outside the nomial course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit. there is a risk that we will not delect all irregularities, including
those leading to a material misslalement in the financial statements or non-compliance with regulation. This
risk increases the more that compliance with a law or regulatSon is removed from the events and transactions
reflected in the financial stslements. as we will be less likely to become aware of instances of non-compliance.

THE ROCKSPRING CHARITABLE TRUST
INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF
THE ROCKSPRING CHARITABLE TRUST {contlnued...I
The risk is also greater regarding irregularities occurring due lo fraud rather than error. as fraud involves
intentional concealment, forgery, collusion. omission or misrepresenl8tion.
A further description of our
responsibilities
htt s'.Jlwww.frc.o
.ukJlibra
Is
nd rds-codes-
olic
lau
Ihe-audiV.Thls description forms part of our auditor's report.
is available
on
the FRC'S website at..
surance-and-ethlc51audiltsrs-res
onsibililies-for-
We communicate with those charged with governants regarding. among other matters, the planned scope and
liming of the audit and significant audit findings, including any significant deficiencies In inlem81 ¢onlrol that wè
identify during our audit.
Us• of our report
This r8POrt is made solely lo the charity's trustees, as a body, In accordance with Part 4 of the Charities
(Accounts and Reports) Régulations 2008. Our audit Work has been undertaken so that we mlght stale to the
charity's trustees those matters w8 are required lo state lo them in an auditor's report and for no other purpos8.
To the fullest extent permitted by law, w& do not accept or assume responsibility to anyone otherthan the charity
and the charity's trustees as a body, lor our audit work. for this report, or for the opinions we have formed.
G&offrey Cox B
FCA
For and on b8half of Daffoms Audit Limited
Chartered Accountsnts
ststulory Auditor
One Eas￿1￿1
Harry Weston Road
Binley Business Park
Coventy
CV3 2UB
Date
..2025

THE ROCKSPRING CHARITABLE TRUST
STATEMENT OF FINANCLAL ACTIVITIES
for the year ended 310ecember 2024
Expendable
eNlowment
fund
General
lund
2024
Total
2023
Total
Notes
INCOME AND ENDOWMENTS:
Settlements
448,121
448,121
Investmant income
121,597
121,597
90,767
Oiher ino)me
TOTAL INCOME AND ENDOWMENTS
121.597
448,121
569.718
90,767
EXPENDITURE ON:
Raising funds
Inv88tmenl manag8menl fees
18,745
18.745
13,436
Ch8ri1able Acllvllies
Grant expenditure
Grant related support Msts
130,089
6.997
130,089
6,997
57,000
18,673
TOTAL EXPENDITURE
155.831
155,831
89,109
NET IEXPENDITUREYINCOME
BEFORE OTHER RECOGNISED
GAINS & LOSSES
134,234)
448.121
413.887
1,658
NET {LOSSESyGAINS ON INVESTMENTS 5
{37,3721
137.3721
{114,2311
TRANSFERS BETWEEN FUNDS
60.000
{60,000)
NET kfjOVEMENT IN FUNDS
25,766
350,749
376,515
{112,5731
RECONCILIATION OF FUNDS
Fund balanc8s brc4Jghl forward
22,143
4.962,734
4,984,877
5.097,450
Fund balanG88 carried forward
47.909
5,313,483
5,361,392
4.984.877
All cperations of the charity wntinued throughout the period and no operdtDny were acquired or dlsconJnued.
All recognised gains and losses during the year are included within the Slalemenl of Finandal Actlvities.
The accompanying note5 fomi an integral part of this Ststement of Financk81 Activrties.

THE ROCKSPRING CHARITABLE TRUST
STATEMENT OF FINANCIAL ACTIVITIES
for the year ènded 31 December 2023
Expendable
endowment
General
fund
2023
INCOME AND ENDOWMENTS:
Sethements by Mr & Mrs Plummer
Investment income
Other income
90.767
90,767
TOTAL INCOME AND ENDOWMENTS
90,767
90,767
EXPENDITURE ON:
Ra¢sing funds
Investment management fees
13,436
13.436
Charitabl8 Activi118S
Grant expgndilure
Grant related $UPF*)rt costs
57,OC
18,673
57.000
18.673
TOTAL EXPENDrruRE
89,109
89.109
NET {EXPENDITUREIIINCOME
BEFORE OTHER RECOGNISEO
GAINS & LOSSES
1,658
1,658
NET ILO8SESyGAINS ON INVESTMENTS
1114,231)
(114,231 }
TRANSFERS 8ETWEEN FUNDS
NET MOVEMENT IN FUNDS
1,658
1114,231)
{112,573}
RECONCILIATION OF FUNOS
Fund balances brought foNard
20,485
5,076,965
5,097,450
Fund balanc8s carried forward
22,143
4,962,734
4,984,877
All operallor)s of the charity contlnued throughout tho period and no operations were acquired or dlsconb'nued.
All rocogni5ed galns and losses during the year are included wrthin the Statement of Financial Activities.
Th8 accompanying notes form an integral part of this Statement of Financial Activities.

THE ROCKSPRING CHARITABLE TRUST
BALANCE SHEEr
as at 31 December 2024
2024
Notes
INVESTIAENT ASSETS
Investrnent
Cash awailing inveslm8nls
4.649.007
163,936
4.520,244
96,827
4,812.943
4,617,071
CURREKf ASSETS
Debtor8 and prepayments
Cash at bank
8,443
367,926
562,481
562,481
376,369
LIABILMES: Amounts Idllng dua
wilhln on8 year..
114.0321
18,5631
NEf CURRENT ASSErs
548,449
367,8C6
NEf ASSErs
5,361,392
4,984,877
FUNDS OF TrIE CHARITY..
Expendable ondowmenl fund
G•noral fund
5,313,483
47,909
4,962,734
22,143
rAL CHARrrY FUNDS
5,361,392
4,984,8TI
The finarKid slatemgnts on pa￿$ 8 to 15 were approved by tha Iru8le88 on .
LJ/k fy4¢d￿- J CLu._
R.M. PLUMMER
F.J. PLUMMER
G.H. CARTER
S.E. FLOYD
Tha fntes on pagos 12 to 15 form part of these linanclal statements.
10

THE ROCKSPRING CHARITABLE TRUST
STATEMENT OF CASH FLOWS
for thg year and•d 31 Decernbor 2024
31 De￿rnber 2024
31 December 2023
Notes
Cash Flow from Opgrntlng Actlvities
306,202
1125.5281
Cash Flow from Investing Activitl•s
Payments lo acquire investments
Interest received
Dividends received
Receipts from disFosal of investm8nts
12,736,499)
14.751
106,846
2,570,364
{279,416)
4.257
86.510
184,739
Not Cash Flow from Investlng Actlvttles
261.664
(3.910)
Not Cash Flow from Flnanclng Actlvttlos
N•t Incroa￿ In cash and ¢a•h oqulval•nts
261,664
1129,4381
Cash and ￿$h oqulvalonts at 1 January 2024
464,753
594,191
Cash and ￿•h •qulval•nts at 31 Dec8mb8r 2024
726,417
464,753
Caih and cash •qulval•nts con818ts of:
Cash at bank
Cash awaitsn9 Investment
562,481
163,936
367,926
96.827
726.417
464,753

THE ROCKSPRING CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
for thg ygar ended 310ecomber 2024
ACCOUNTING POLICIES
Basis of accountlng
The Rocksprlng Charitable Trust is an unincorporated tharity registered in England. The address of the
registered office is given in the charity infomialion on page 1 of these financial statements. The nature of
the chanly's operations and principal aclivibes are recorded on page 2.
The ehanty conslilutes a public benefit entity as defined by FRS 102. The financial statements have bean
prepared in accordance with Accounting and Reporting by Charities.. Statement of Recommended
Practice applicable to charities preparing their accounts in accordanc8 with th8 Financial Reporting
Standard applic2ble in the UK and Republic of Ireland issued in October 2019. th8 Financial R8POrtiTrJ
Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. the Charities Act 2011,
and UK Generally A¢￿pted AccounlirvJ Practice.
The financial statements have been prepared lo glve a 'lrue aThfj fair, vlew arKJ have departed from the
Charftlès (Accounts and Reports) Regulatsons 2008 only lo the exlenl requlred to provide a 'ifue and falr
view,. This departure has involved following the Accounting and RepM)rting by Charitie8.' Sta18menl of
Recommended Practice applicable to charrties preparing Ihelr accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1 D21 issued in October 2019 rather
than the Accounting and Rep)tting by Charities.. Statement of Recommended Practice effective from I
April 2005 which has since been ￿thdraWn.
The flnanclal statements are prepared on a going conLXgm b8sis under the htstorlcal cost conventlon,
modified to indude certain rtems ai fair value. The flnancial statements are presenled in sterling which is
the funclional currency of the charlty and rounded to the n88rest £1.
The slgnificanl accountlng policies applied the preparation of Ih8S8 financial slalemenls are sel OLrt
below. These policies have been consis18nlly applied lo all years presenlgd unless oth8Mise staled.
Incomo
All incoming regources are Included in th8 Statement of Flnanclal Activities ISOFA) when the charity is
legally enlltled to the income after any p8rfomianco conditions have beén met, tha amount can be
measured reliably and il is probable that the income will be rec￿Ved.
Expgndlture
All expenditure is accounted for on an accluals ba9is and ha5 been dassified under hoadings that
aggregate all costs related to the category. Expenditure is recognised whem there is a legal orconstructive
obligab.on lo make payments lo third parties, il is probable that the settlement will be required and the
amount of the obligation can be measured reliably. It 15 categorised under the foll¢)wing headirvJs.'
Costs of r81sing funds..
Exp8ndilure on Charitsble 8clivities', and
Other ex￿ndIt￿￿ represents those items not falling into the categories above.
Irre¢over8ble VAT is charged as an expense agalnsl the activity fc* which expenditurg arose.
Grants payable to third partles are within the Charitable objectives. Where uncondibonal grants are offered.
this is accrued as soon as the recipient is rbolified of the grant, as this gives rise to a reasonable expectation
that the recipient will receive Ihe grants. Where gran15 are conditional relating to performance then the
grant is only 8ccru8d when any unfulfilled (Dnditiijns are outside of the control of the charity.
Support ￿$ts
These comprise administration and attountsncy costs. The majority of these costs support the grant-
making activity and are so allocated. A small proportion of support costs is allocated lo govemance costs.
The allocation ol support costs is made on an estimate of time spent on the two 8Ctivilies.
12

THE ROCKSPRING CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
ACCOUNTING POLICIES {¢ontlnued)
Governance costs
Governance costs comprise all costs involvirvJ the public accountability of the Gharty and its complianee
with regulation and good practice.
Fund accountlng
As the trustees have the power to distrlbute both in¢(Mme arKI capltsl the funds of the trust are all
unrestricted and comprise..
Expendablè endowment fund
The fund represents monie5 allocated by the trustees as capital. The normal policy of the Iru51ee8 is
to retain capltal in an endowm8nt fund in order lo generate Income from whlch grants are made.
The fvnd is ￿presented by the capltal inveslmenls induded in fixed assets less any appropnale
txedilor.
Genoral fund
The g6n6ral fund represents the balance of any settlement not allocated lo th8 andowment fund
together with investment income less exp8ndilure arKI grants awarded.
Flxed asset investm•nts
Investments are recognised initlally at falr value whbch is normally the transactlon price excluding
transaction costs. Subsequently, they are measured at fair value with changes recognised In 'nel
gains I Ilosse81 on investments, In the SOFA if the shares are publicly traded or Ih8ir fair value can
otherwSse be measured reliably. Other investments are mèasured at C05t less impairment.
D•btors and credltors recèlvablo I payable wlthln ono year
Debtors and Credltors wlth no stated Interest rate and r￿e1v0b18 or payable wblhin on8 year are recorded
al transaction price. Any losses arlslng from impairment are recognised in exp8ndilure.
Golng coTh￿rn
The financial slalements have been prepared on a going concern basls as the trusl88s belleve that no
materlal uncertainties oxisl. The Injstees have considered the level of funds held and the expected level
of income and expenditure for 12 months frorn authorising these financial slalements. The budgeted
Income and expenditure Ss sufficient with the level of r&setves for the charity to be able to Gonkn'nue as a
golng concern.
INVESTMENT INCOME
2024
Quoted investment
Unquoted investment
Interest on cash deposits
76,846
30,000
14,751
86.510
4,257
121.597
90.767
13

THE ROCKSPRING CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
fijr the year ended 31 Decernber 2024
GRANTS
The following grants We￿ awarded during the year.
Kensington and Chelsea Foundation for=
West London Action for Children
Nucleo Project
SMART
Photography Summer School
Mayor Maratho
Held for future prolects
24.000
15.000
18,000
20,000
1.000
18,030
CidÈrmlll Academy
Drama School
Thealre Trust
6.000
28,059
130.089
ALLOCATION OF SUPPORT COSTS
2024
Grant Maklng
Legal and professional feeg
Accountancy and advisory
Independent examination fee- govemance cost
Bank charges
Adverts'sing c051s
Foreign exchange rate difference
Debtors adjustment
7.167
13.710
2.050
611
10,246
1,950
604
{16.541}
917
912
6,997
18.673
No Trust88 or person wlh famlly or business ￿nnectIonS with the Trustees received any ramuneratth or
expenses during the year12023.' £Nil}.
INVESTMENT
Market value al 31 DeCemt￿r 2023
Acquisitions
Disp05als
Dividend reinvested
Revaluation
3,475.244
2,736,499
12.570,3641
1,045,000
4,520.244
2.736,499
{2,570.3641
{37.3721
137,3721
Market value 81 31 Decemtser 2024
3,604.007
1,045,000
4,649.007
Unquoted investments represent one share in Misrlmuna Investments Limit8d. which was donated to the
charity by Mrs M D Plummels 2003 Oiscrelionary Trust by a D8ed ofAppointment dated 2 August 2022.
14

THE ROCKSPRING CHARITABLE TRUST
NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 December 2024
CREDITORS
2024
2023
Within one year.
Accmals
14,032
8.563
14,032
8,563
ANALYSIS OF NET ASSETS BETWEEN THE FUNDS
Expendable
endowment
fund
General
Tola
Flxed asset investments
Oth&r net assets
4,812.943
500,540
4.812,943
548.449
47,909
47.909
5.313,483
5.361.392
RECONCILIAnON OF NEf INCOME I IEXPENDITUREI TO NET CASH FLOW FROM OPERATING
ACTIVITIES
OperatirrfJ Income l (expandlture} for perfod
Divldends iecelved
Interest receivable
Losses on investments
Ilncr8asel I decrease in d&btors
Incwse I Idecreasel In creditors
376.515
1106,846)
(14.751)
37.372
8.443
5.469
1112,5731
186.5101
14.2571
114,230
912
(37,3301
N81 eagh ilow from op8raJng activrti8S
306.202
1125,5281
RELATED PARTY TRANSACTION
During the year Mr R. M. Plummer and Mrs F. J. Plummer settled £448.12112023: £NII) on the charity.
The charity paid £7.16712023'. £4,044) In respect of professN)nal servlces lo RWK Goodman LLP, a fimi in
whlch Susan Floyd is a solicitor.
10. CONTROLLING PARTY
The tharity is controlled by hs Twsl88s.
15